Duke/Fluor Daniel awarded contract to build 620-MW plant in Pennsylvania

May 21, 2002 — Duke/Fluor Daniel has been awarded a contract by Duke Energy North America (DENA) to provide turnkey engineering, procurement and construction services for the 620- megawatt Fayette Energy Facility in Fayette County, Pa.

The facility will feature two General Electric 7 FA combustion turbine generators, fueled by natural gas or fuel oil, and operating in combined cycle with a General Electric class D11 steam turbine/generator. Commercial operation is scheduled for summer 2003. The value of the contract was not disclosed. The project was booked into Fluor Corporation’s backlog in first quarter 2002.

“Fayette Energy Facility is yet another example of how quality power developers such as DENA continue to move forward with strategically located and economically competitive merchant power projects,” said Jeff Faulk, president and chief executive officer of D/FD.

“The strength of our projects in the marketplace stems from many factors, but a key factor for us is D/FD’s ability to complete construction and commissioning to bring plants into commercial operation on schedule or ahead of schedule,” said Jim Donnell, president and chief executive officer of DENA.

Duke/Fluor Daniel provides comprehensive engineering, procurement, construction, commissioning and operating plant services for fossil-fueled electric power generating facilities worldwide. The partnership of Duke Energy and Fluor Corporation affiliates is one of the largest power contractors in the world and has the largest U.S. market share for the engineering and construction of natural gas-fired power projects.

D/FD Operating Plant Services supports utility, merchant and cogeneration plants, including operations and maintenance contracts, capital projects, turbine fleet management, environmental retrofits and other major plant improvements. For more information visit www.dukefluordaniel.com.

Duke Energy North America (DENA) is Duke Energy’s Houston-based merchant energy company. DENA’s generation portfolio currently includes approximately 8,000 megawatts in operation. Eleven plants under construction will come on line this quarter, adding 6,700 megawatts to its portfolio.

Fluor Corp. provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, California, Fluor is a Fortune 500 company with revenues of $9 billion in fiscal year 2001. For more information, visit www.fluor.com

Duke Energy, a diversified multinational energy company, creates value for customers and shareholders through an integrated network of energy assets and expertise. Duke Energy manages a dynamic portfolio of natural gas and electric supply, delivery and trading businesses — generating revenues of more than $59 billion in 2001. Duke Energy, headquartered in Charlotte, N.C., is a Fortune 100 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.

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